This article presents the results of research on the growth kinetics, microstructure (SEM/EDS/XRD), and corrosion behavior of Zn-5Al coatings obtained using a high-temperature hot dip process on B500B reinforcing steel. The corrosion resistance of the coatings was determined using the neutral salt spray (NSS) test (EN ISO 9227). Based on chemical composition tests in micro-areas (EDS) and phase composition tests (XRD), corrosion products formed on the coating surface after exposure to a corrosive environment containing chlorides were identified. In the outer layer of the coating, areas rich in Zn and Al were found, which were solid solutions of Al in Zn (α), while the diffusion layer was formed by a layer of Fe(Al,Zn)₃ intermetallics. The growth kinetics of the coatings indicate the sequential growth of the diffusion layer, controlled by diffusion in the initial phase of growth, and the formation of a periodic layered structure with a longer immersion time. The NSS test showed an improved corrosion resistance of reinforcing bars with Zn-5Al coatings compared to a conventional hot-dip-galvanized zinc coating. The increase in corrosion resistance was caused by the formation of beneficial corrosion products: layered double hydroxides (LDH) based on Zn²⁺ and Al³⁺ cations and Cl⁻ anions and simonkolleite—Zn₅(OH)₈Cl₂·H₂O.